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Charges and Credits (Tables)
9 Months Ended
Sep. 30, 2017
Restructuring And Related Activities [Abstract]  
Summary of Charges and Credits

The following is a summary of the charges and credits recorded during the first nine months of 2017:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling

 

 

 

 

 

 

Pretax

 

 

Tax

 

 

Interests

 

 

Net

 

Promissory note fair value adjustment and other

$

510

 

 

$

-

 

 

$

12

 

 

$

498

 

Merger & integration

 

213

 

 

 

44

 

 

 

-

 

 

 

169

 

 

$

723

 

 

$

44

 

 

$

12

 

 

$

667

 

The following is a summary of the charges and credits recorded during the first nine months of 2016:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax

 

 

Tax

 

 

Net

 

Impairments & other

 

 

 

 

 

 

 

 

 

 

 

Workforce reduction

$

646

 

 

$

63

 

 

$

583

 

North America pressure pumping asset impairments

 

209

 

 

 

67

 

 

 

142

 

Facilities impairments

 

165

 

 

 

58

 

 

 

107

 

Other fixed asset impairments

 

684

 

 

 

52

 

 

 

632

 

Inventory write-downs

 

616

 

 

 

49

 

 

 

567

 

Multiclient seismic data impairment

 

198

 

 

 

62

 

 

 

136

 

Other restructuring charges

 

55

 

 

 

-

 

 

 

55

 

Merger & integration

 

 

 

 

 

 

 

 

 

 

 

Merger-related employee benefits

 

93

 

 

 

17

 

 

 

76

 

Professional fees

 

45

 

 

 

10

 

 

 

35

 

Facility closure costs

 

51

 

 

 

13

 

 

 

38

 

Other merger and integration-related

 

83

 

 

 

11

 

 

 

72

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

Amortization of inventory fair value adjustment

 

299

 

 

 

90

 

 

 

209

 

 

$

3,144

 

 

$

492

 

 

$

2,652